PetroRabigh Phase Two May Add 16 Petchem Products

10:12 AM MST | November 7, 2007 | Ian Young and Natasha Alperowicz

The previously announced second phase of PetroRabigh, a petrochemicals joint venture between Sumitomo Chemical and Saudi Aramco, would involve building plants to produce about 16 downstream products, sources say. The expansion could require a doubling of Sumitomo and Aramco’s joint $10-billion investment in the first phase of PetroRabigh, sources add. The first phase involves expanding an Aramco refinery at Rabigh, Saudi Arabia and building at the same site 1.3 million m.t./year of ethylene capacity, as well as plants producing polyolefins, propylene oxide...